18, ELEY CLOSE, ILKESTON, DE7 9JU - £245,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

18 ELEY CLOSE is a small extended detached house of 82m², built sometime between 1996 and 2002, which could now be worth an estimated £247,070. It was last sold for £245,000 in September 2022, which was around 21% below the average September 2022 detached price in the Erewash local authority area. The most recent EPC inspection was May 2022, where the current energy rating was D, and the potential energy rating was B.

18 ELEY CLOSE Sold Prices

Land registry data shows four sales for 18 ELEY CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Erewash local authority area for the corresponding sale date. Most of the four 18 ELEY CLOSE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2022 16 SEP	£245,000	£311,608	21% below HPI
2003 28 MAR	£125,000	£135,769	8% below HPI
2002 28 MAR	£91,000	£96,876	6% below HPI
1996 16 AUG	£71,950	£63,794	13% above HPI

18 ELEY CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Erewash local authority area over time, sourced from the HPI. The four 18 ELEY CLOSE sales between August 1996 and September 2022 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the March 2003 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the September 2022 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 18 ELEY CLOSE be worth now?

18 ELEY CLOSE might now be worth an estimated £247,070.

This is based on house price inflation of 0.8%, between September 2022 and March 2025, for detached houses, in the Erewash local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 0.8% inflationary increase is applied to the most recent sale price for 18 ELEY CLOSE of £245,000 on 16th September 2022. For the value to have increased from £245,000 to £247,070 over the three years and six months to March 2025, the following assumptions must hold true:

• The value of 18 ELEY CLOSE has moved in line with the HPI for detached houses in the Erewash local authority area.
• The September 2022 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 18 ELEY CLOSE has not materially changed since September 2022.

How Large is 18 ELEY CLOSE?

18 ELEY CLOSE is 82m², which includes one extension, according to the EPC inspection conducted in May 2022. This puts it in the smallest 30% of detached houses houses in Ilkeston, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ilkeston, and where 18 ELEY CLOSE lies on this distribution: 29% of detached houses houses are smaller than 18 ELEY CLOSE, and 70% of houses are larger. Note that EPC data is not available for all properties in Ilkeston.

18 ELEY CLOSE: Plot and Title Map

18 ELEY CLOSE sits on a plot of roughly 0.074 of an acre, or 300m². The below map shows the location of 18 ELEY CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 18 ELEY CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 18 ELEY CLOSE?

18 ELEY CLOSE is located in ILKESTON, in the DE7 postcode district. The below map shows the position of No. 18 on ELEY CLOSE.